XPLR Infrastructure Secures $550 Million Senior Secured Loan for Renewable Projects

XPLR Infrastructure LP announced that its indirect subsidiary, Glenn Portfolio Holdings, LLC, has entered into a new limited-recourse senior secured variable rate term loan facility totaling approximately $550 million. The facility, which matures in December 2030, will be used to support renewable energy projects with a combined net generating capacity of around 544 MW. Interest payments will be based on a floating rate plus a specified margin and will be paid quarterly, with the principal being partially amortized on a semi-annual basis. Glenn Holdings plans to utilize interest rate swaps to hedge against interest rate fluctuations. The loan is secured by all assets and equity interests of Glenn Holdings and its subsidiaries. The agreement includes standard default and acceleration provisions tied to payment failures, covenant breaches, and certain bankruptcy events. This financing arrangement aligns with XPLR’s previously stated 2025-2026 financing strategy.

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